News
Important Only
Oil posts weekly gain but remains under supply hike pressure
Brent, WTI rise after more than 2% drop in previous sessionBrent and WTI post second straight weekly gains Focus on Iran nuclear deal IEA hikes supply growth forecast, eyes surplus this year and next By Arathy Somasekhar HOUSTON, May 16 (Reuters) - Oil settled higher on Friday, notching a second ...Reuters
Fri, May 16
Bird flu in top chicken exporter Brazil triggers trade bans
Brazil exports make up 35% of global chicken tradeOutbreak at supplier of Tyson-backed Vibra -sourcesChina, EU protocol: 60-day ban on Brazil chicken importsBy Isabel Teles, Ana Mano, Roberto Samora and Lisandra Paraguassu SAO PAULO, May 16 (Reuters) - Brazil, the world's largest chicken expo...Reuters
Fri, May 16
US natgas prices ease to 2-week low on lower demand and flows to LNG export plants
US LNG export feedgas hit record high in AprilUS gas output hit record high in AprilUS gas storage about 3% over five-year normalBy Scott DiSavino May 16 (Reuters) - U.S. natural gas futures eased about 1% to a two-week low on Friday on a smaller decline in output than previously expected, lower ...Reuters
Fri, May 16
LIVESTOCK-CME cattle futures recover on technical trading
By Heather Schlitz CHICAGO, May 16 (Reuters) - Chicago Mercantile Exchange live cattle and feeder cattle futures rebounded on Friday on short covering and technical trading after a selloff in the previous session, traders said. Cattle futures have also been underpinned by strong boxed beef prices...Reuters
Fri, May 16
GRAINS-Wheat stumbles on improved harvest prospects; soy steadies
Wheat ticks lower on good yield prospectsCorn down on ideal planting, growing conditionsSoy consolidates after previous session's tumbleBy Heather Schlitz CHICAGO, May 16 (Reuters) - Chicago wheat futures moved lower on Friday as traders weighed improved yield prospects in the U.S. Plains, th...Reuters
Fri, May 16
Canadian oil producer Strathcona plans $4.25 billion hostile bid for MEG Energy
Strathcona's bid follows recent asset divestment and acquisition movesMEG's board to review offer, urges shareholders to waitAnalysts expect competing offers for MEGBy Amanda Stephenson May 16 (Reuters) - Canadian oil and gas producer Strathcona SCR.TO plans to launch a C$5.93 billion ($4...Reuters
Fri, May 16
CBOT wheat falls on better harvest prospects
May 16 (Reuters) - Chicago Board of Trade wheat futures moved lower on Friday as traders weighed improved yield prospects in the U.S. Plains, though brisk export demand limited losses, traders said. Favorable U.S. wheat harvest prospects have outweighed bullishness from increased export demand and t...Reuters
Fri, May 16
North Dakota oil producers plan to drop rigs due to weaker prices, state regulator says
HOUSTON, May 16 (Reuters) - Oil and gas operators in North Dakota have indicated they plan to drop rigs due to weaker oil prices, Nathan Anderson, director of the state's Department of Mineral Resources said on Friday.Reuters
Fri, May 16
CBOT soybeans steady after plunging in previous session
CHICAGO, May 16 (Reuters) - Chicago Board of Trade soybean futures steadied on Friday after tumbling on Thursday as sliding soyoil futures pulled the soy complex lower.Soyoil futures continued to grind lower on Friday after plunging to their daily limit in the previous session as uncertainty over a ...Reuters
Fri, May 16
ICE canola futures end higher, led by front-month July
May 16 (Reuters) - ICE canola futures closed higher on Friday, led by the nearby July contract on tightening supplies of last year's harvest amid brisk export demand, along with bargain-buying following a two-session slide, traders said.• July canola RSN5 settled up $8.30 at $702.70 per metric t...Reuters
Fri, May 16
CBOT corn falls on good growing conditions in US Corn Belt
CHICAGO, May 16 (Reuters) - Chicago Board of Trade corn futures sank on Friday on ideal growing and planting conditions in the U.S. Midwest, traders said.Rains in the Midwest are set to expand from Sunday through Wednesday to recharge moisture supplies and aid crop growth, according to Commodity Wea...Reuters
Fri, May 16
Gold price plummets over 4% this week as risk sentiment improves
Gold prices fell by more than 1.50% on Friday and are set to end the week with losses of over 4% as an improvement in market mood prompted investors to sell the precious metal in favor of riskier assets. At the time of writing, the XAU/USD trades at $3,187 after hitting a daily high of $3,252.
Fxstreet
Fri, May 16
PRECIOUS-Cooling trade tensions set gold on track for worst week since November
Gold down more than 4% this weekSilver, platinum, palladium also head for weekly fall Wall Street's main indexes on track for weekly gainsBy Sarah Qureshi May 16 (Reuters) - Gold prices dropped more than 2% on Friday and were set for their worst week since November, as increased risk appetit...Reuters
Fri, May 16
Full ban on Brazil poultry not expected after bird flu outbreak, minister says
BRASILIA, May 16 (Reuters) - Brazil's Agriculture Minister Carlos Favaro told Reuters on Friday that he does not expect trade partners to fully ban Brazilian poultry imports given the importance of the country as a global supplier. Speaking about the country's first case of bird flu on a com...Reuters
Fri, May 16
US drillers cut oil and gas rigs for third week in a row - Baker Hughes
By Scott DiSavino May 16 (Reuters) - U.S. energy firms this week cut the number of oil and natural gas rigs operating for the third week in a row for the first time since mid April, energy services firm Baker Hughes BKR.O said in its closely followed report on Friday.The oil and gas rig count, an...Reuters
Fri, May 16
US drillers cut oil and gas rigs for third week in a row - Baker Hughes
By Scott DiSavino May 16 (Reuters) - U.S. energy firms this week cut the number of oil and natural gas rigs operating for the third week in a row for the first time since mid April, energy services firm Baker Hughes BKR.O said in its closely followed report on Friday.The oil and gas rig count, an...Reuters
Fri, May 16
Citgo Reports Emissions At Corpus Christi East Plant, Texas
May 16 (Reuters) - CITGO PETROLEUM CORP [RIC:RIC:PDVSAC.UL]:REPORTS EMISSIONS FROM CUMENE UNIT FUGITIVES F355 AT EAST PLANT, CORPUS CHRISTI, TEXAS REFINERY REPORTS ON MAY 15, WHILE PERFORMING PLANNED MAINTENANCE, A HYDROCARBON RELEASE OCCURRED FROM A BLIND REMOVAL WHEN AN ISOLATION VALVE LEAKED BY R...Reuters
Fri, May 16
Venezuela's state oil firm exporting crude grade previously shipped by Chevron, data shows
A 920,000-barrel cargo of Boscan crude set sail this month bound for MalaysiaCargo cancellation has led to stock accumulation in recent weeksPrevious restriction of US licenses led to billions of dollars in debt to PDVSA's partners May 16 (Reuters) - Venezuela's state-owned PDVSA has beg...Reuters
Fri, May 16
